Odds At 93.8% (Likely) The U.S. Prime Rate Will Continue At 4.50% After The January 31, 2018 FOMC Monetary Policy Meeting

Prime Rate Forecast

Prime Rate Forecast

As of right now, odds are at 93.8%  that the Federal Open Market Committee (FOMC) will vote to leave the target range for the benchmark fed funds rate  at 1.25% - 1.50% at the  January 31^ST, 2018 monetary policy meeting (likely.)

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The current Prime Rate, which went into effect on December 14^TH, 2017 is 4.50%.

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NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

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Economic data influencing the latest odds include readings on Gross Domestic Product, Inflation, Jobs, Retail Sales, Industrial Production, Housing, Energy and The Yield Curve.

Stay tuned for Wednesday's FOMC press release... 

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Current Odds

• Current odds the U.S. Prime Rate will remain at 4.50% after the January 31^ST, 2018 FOMC monetary policy meeting: 93.8%  (likely), with 6.2% odds (unlikely) that the U.S. Prime Rate will rise to 4.75%.
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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